Crypto.com Introduces Retail Offerings in More than 90 Nations in Partnership with Standard Chartered

On August 29, Crypto.com introduced its global retail services in collaboration with Standard Chartered. This service enables users across more than 90 nations to utilize deposit and withdrawal options through the Crypto.com App.

The expansion was made possible by the regulatory framework set forth by Dubai’s Virtual Assets Regulatory Authority (VARA).

The company asserts that this launch will improve the efficiency and functionality of cryptocurrency transactions for millions of retail users around the globe.

Establishing a Secure Framework in Dubai: Is the Middle East Emerging as the Crypto Hub?

Standard Chartered will offer banking solutions that facilitate near-real-time processing of deposits and withdrawals in key currencies such as USD, EUR, and AED.

First to provide seamless USD, EUR, and AED deposit and withdrawal in over 90 countries.
We’re pleased to announce the launch of global retail services to our millions of users worldwide, supported by Standard Chartered Bank from our Dubai hub.
Learn more: https://t.co/mv5kgfi8QU pic.twitter.com/gOgc4qXaBE

— Crypto.com (@cryptocom) August 29, 2024

This partnership closely aligns with the UAE’s National Agenda, which emphasizes innovation, economic diversification, and the creation of a knowledge-based economy.

Rola Abu Manneh, CEO of Standard Chartered UAE, remarked that the collaboration with Crypto.com bolsters the UAE’s ambition to become a center for digital assets by delivering advanced solutions that cater to the evolving demands of customers in the region and beyond.

The services are set to be launched next month for customers in the United Arab Emirates (UAE), who will gain access to Crypto.com’s retail offerings via the app.

After the UAE launch, Crypto.com plans to progressively extend these services to a worldwide audience, equipping them with reliable financial infrastructure for deposits and withdrawals.

Crypto.com’s Global Retail Services Amid Strict Compliance

The introduction of Crypto.com’s retail services follows a series of accomplishments by the company.

In April 2024, Crypto.com unveiled its exchange for institutional investors after receiving full operational approval from VARA.

This approval was a significant milestone in establishing Crypto.com’s regional hub in Dubai, a city recognized for its rigorous consumer protection regulations, which encompass mandatory enhanced advertisement clarity and secure licensing requirements for cryptocurrency entities.

Alongside the Dubai expansion, Crypto.com has continued to strengthen its global presence.

The company recently became the first cryptocurrency platform to secure an exclusive partnership with the UEFA Champions League.

BIG NEWS https://t.co/vCNztATkNg & UEFA @ChampionsLeague announce historic partnership
https://t.co/vCNztATkNg is #UCL’s 1st Global Crypto Platform Partner
Together we’re bringing crypto to 3 Billion fans
See us at today’s UEFA #SuperCup @RealMadrid vs… pic.twitter.com/SUJ9FQ2IFD

— Crypto.com (@cryptocom) August 14, 2024

Moreover, Crypto.com has launched a dedicated trading platform in Korea, collaborated with Brazil’s BTG Pactual to enhance banking services in Latin America last year, and improved its regulatory compliance by acquiring licenses in the Netherlands, Spain, France, and the UK.

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